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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (89965)	3/24/2000 5:16:00 AM
From: Lane Hall-Witt	Respond to of 120523

Maybe when OJ comes back tomorrow, he can shed some more light on the possible connection of ritualistic slaughter of chickens to daytrading. Lee, Your thoughts on this? Any input from Dorty and Delbert would be appreciated as well. LOL!

To: Jenna who wrote (89965)	3/24/2000 8:22:00 AM
From: Jerry Olson	Respond to of 120523

LOL i just read this post<G>... and what a picture that was!!!!! and yes the vast percentage of daytraders are getting murdered... not us here on Gems...we are versitile, loose, confident of what we trade and how we trade... now on to my current market views... the OEX and SPX are on ballistic high poles...they are going to correct here, probably starting on MON, and they will move back to more normal levels..expect this..it;s gonna happen... this will set us up for one heck of a move to all time new highs heading into earnings season... NOTHING goes straight up..nothing...we need, and must have pullbacks to enable us to move higher...all this is normal actions of this current trend...the DOW stocks and old economy stocks should lead this rally, along with the BIG CAP Tech stocks..MSFT-CSCO-INTC-IBM-DELL-AOL-SUNW-ORCL- you name it..it will be there... this adds major fuel to all the indexs because of the weighting of these big cap stocks to each index... i was very interested to see our P&F 30 week moving average is on a buy signal...and our 10 week needs to print 54 to give another buy signal as well...it's 1 box away... our Main Long Term Coach has reversed up here from oversold territory, giving hard support to this next expected move...UP....this is the NYSEBP and then the Hi/Lo index has turned up in "BULL ALERT" status, which for a short term indicator is very bullish...this index is at 36% and has legs to the double top at 52%..this is a big move... now that i've given this rosey senario...the only caveat is the OTC BP...this index is very negative folks...meaning the NAZ stocks could be under more preasure than the DOW type stocks...if this reverses back up again...gee whiz i have no clue as to where we would roll too... another thing...the Bank Sector Bullish Percent is at very low levels..each of us should own a nice bank type stock...they should really roll higher because of the current bond situation and where they're coming from...extreme oversold levels... so all in all a very nice forward looking picture for the markets...we will have pullbacks, we have to have them..it's part of the game...and in this market enviroment these pullbacks are violent, quick, and scary..i would buy those dips hard Gemmers..i mean hard..buy those knockdowns on stocks you know and love...and then let em' run... do not be afraid to dive into the abyss as the public sells these stocks..you buy them and then sell them back at the top, when the public comes back in again... i do not predict how this will end..or even when it will end...but right now, i am buying all dips..i am letting stocks run for good gains..and what with earnings season close at hand, we have a major window of opportunity to make serious money, before it all ends... last year it blew up during the week of my birthday..late Apr around the 22-23-24th...funny...this is right after option exp week<VBG>... i will be in cash by then... now lets get ready to rumble...OJ